Surge Mastercard Credit Card Review: (The High Fees Can Make Building Credit Expensive)

The Surge Mastercard Credit Card is designed for bad credit or low credit scores offered by Continental Finance and Celtic Bank. Because it’s an insecure card, you don’t need to deposit in advance. However, the card’s cost-per-month fees could quickly accumulate.

Your Surge Credit Card usage and regular repayments are reported by three credit bureaus each month, which will help you boost your credit score with time.

A Quick Overview

  • The credit limit for the first time of $300 to $1,000
  • A one-time fee of $75 up to $99
  • Monthly maintenance fees from $0 to $10 per month, beginning after the first twelve months.
  • Monthly reports to credit bureaus.
  • 25.90%-29.99% APR variable

Pros

  • A credit-building tool that can be used by those who have weak credit
  • The possibility of a credit line expansion after six months

Cons

  • Annual fee of $75 to $99 needed
  • Monthly maintenance fees that add as high as $10 per month
  • Very high APR

Additional Card Details

Because the Surge Credit Card is for those with poor credit or bad credit, the card does not provide any additional benefits other than monthly reports on the three credit agencies.

Because it’s unsecured, it doesn’t require you to make cash deposits as you would with credit cards that are secured. This is helpful when you are confident that you will keep up with your monthly payments but don’t have enough cash to make the deposit.

The fee schedule is the most important thing you need to know about this card before applying for it. You will not only be charged an annual fee ranging from $75-$99 but you could also be charged an ongoing monthly maintenance charge that begins after one year. The company assigns this charge depending on your creditworthiness. It could range from 0 or $10 per month, adding $120 to your annual sum.

Your credit limit for the first time is between $300 and $1,000, and you can request a greater credit limit in just six months. Additionally, you will receive a free credit score each month when you sign up for electronic statements, which assist you in tracking your credit score over time.

Do you need to get the Credit Card Surge?

There are many other alternatives to build credit over the Surge Credit Card — both unsecured and secured. While you can avoid the deposit requirement for a secured credit card, however, you could be charged more with time using this card even if you make sure you do the highest standards of credit and do not expose your balances to the credit card’s high APR.

Let’s say, for instance. You’re charged an annual fee of $99, and the maintenance fee is $10 per month. The fee begins in the next year, after which it takes two years to earn enough of a credit score to allow you to get another credit card. If you choose to cancel this card before the time is up, the card would have cost you an amount of $318 in the life on the card.

You’re better off putting aside this amount in advance and using it to fund a refundable security deposit for secured credit cards. In this way, you can be sure that you’ll get the money back once you’ve used your card to improve your score as long as you keep the account in good standing.

We enjoy this credit card’s possible credit limit boost you could receive in six months. The issuer, however, will only review your account following this period upon your request. Other credit-building cards, such as the Capital One Platinum Credit Card, provide automatic reviews of your credit line after the same time frame.

In that regard, it is possible to use it is possible that the Surge Credit Card could make sense for those with bad or fair credit and who need an unsecured credit card, mainly if they are eligible for the less expensive annual fee and no maintenance charge per month. The card can aid in building credit by prudent credit usage that can improve the likelihood of getting higher-quality loans shortly. But it’s not your primary choice. Check out the terms you may be eligible for by looking up the prequalification options on the issuer’s site before committing to an application. You will also have to undergo an in-person credit assessment.

How to use the Surge Credit Card

To make the most of this credit card as a credit-building tool, make small purchases that you can pay off every month. If you have an outstanding balance, the high APR this card is charged could quickly cause those balances to grow into long-term credit.

Be sure to pay your credit card bill in advance or in full each month. Make sure you keep your credit utilization to a minimum to get the most effect on credit scores.

It is worth noting that the Surge Credit Card comes with an initial credit limit of $300 – $1,000. This means you’ll have been more cautious with the amount you spend to improve your credit. Credit utilization is among the most critical factors that affect your credit score. Experts recommend keeping your utilization rate to less than 30 percent (ideally, less than 10 percent). When your limit for credit is $500, for an instance, your balance must be kept below $150 per month.

Choose to purchase this Surge Credit Card. Use it only for the time you want to increase your score. To qualify for more affordable better cards.

Bottom Line

You may be able to get approval to apply for Surge Mastercard Credit Card with poor credit. Utilize it to start building up good credit habits. However, the charges on this card are incredibly high. It is more expensive than other credit cards that help improve credit.

Before you submit your application, consider alternatives to credit cards for people with poor credit. It could save you money in the long haul, such as secured credit cards.

Frequently Answered Questions

Can Surge Credit Card provide credit line increases?

Once Surge Credit Card has accepted you, use it responsibly for six months. You could be qualified to get a credit line upgrade.

Does Surge Credit Card a secured credit card?

Surge Credit Card is an unsecured credit card. Meaning it doesn’t require you to make the cash you deposit as collateral.

How much is the annual cost of the Surge Credit Card?

Surge Credit Card charges an annual fee of $75 to $99. Additionally, you could be charged monthly maintenance fees. That can be as high as $10,000 (after one year after the account’s opening).

Jason Rathman
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